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Determine the rate of a return on the total investment

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1. A hardware store purchased a tool of 20,000 per unit. At when price should the tool be sold so that giving on 15% discount will provide them with 25% profit?

2. An engineer bought second hand service car Ang later sold it to a client at a profit of 20%. The said client then resold the car to a trader of a profit of 28%. If he paid 30,000 more than it cost the engineer, how much did the engineer paid the car?

3. A fixed capital Investment of 12M is required for a production plant and an estimated working capital of 3M. Annual depreciation is estimated to be 15% of the capital Investment. Determine the rate of a return on the total investment and the length of time to recover it if the annual profit is 2.8M.

Reference no: EM133228481

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